The Board of Directors of Marco Polo Marine Ltd. on 28 January 2019 in relation to the resignation of Mr. Sim Swee Yam Peter as Independent Director of the Company, the Board hereby informs shareholders of the Company that, with effect from the date of this announcement, the composition of the various Board Committees shall be re-constituted. Mr. Lim Han Boon will be Chairman of Audit Committee and Mr. Kelvin Lee Kiam Hwee and Mr. Tan Hai Peng Micheal will be members of Audit Committee. Mr. Tan Hai Peng Micheal will be Chairman of Nominating Committee and Mr. Lim Han Boon and Mr. Sean Lee Yun Feng will be members of Nominating Committee. Mr. Kelvin Lee Kiam Hwee will be Chairman of Remuneration Committee and Mr. Lim Han Boon and Mr. Teo Junxiang, Darren (Zhang Junxiang, Darren) will be members of Remuneration Committee.